Tilove, Robert
October 1960
ILR Review;Oct60, Vol. 14 Issue 1, p24
Academic Journal
This article describes the growth of private pension plans in the U.S. as of October 1960 and its social and economic implications. The article also examines these plans' prospects for further growth. The article begins by looking at the development of pensions. According to the author, both the timing of the U.S. Social Security Act and timing in the spread of private pensions are attributable to the depression. He observes several changes in benefit levels in the ten years since 1950. The author notes that whether the growth of private pension plans interfered with the development of social security, or vice-versa are theoretically possible.


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